BHP Billiton Limited
) reported impressive production details for the nine months
ended Mar 2014. In the reported nine months, the company
registered record production not only for four commodities but
also at ten operations. While the production of petroleum, iron
ore, metallurgical coal, energy coal, alumina and manganese
alloys increased, that of copper, aluminium, nickel and manganese
BHP Billiton registered record production at Western Australia
Iron Ore operations, due primarily to the continued ramp-up of
Jimblebar. In view of the increased production, the company
expects its production and sales volume to be 217 million tonnes
in fiscal 2014.
In the reported nine months, Metallurgical coal production
increased 24% year over year to 33.2 million tonnes. The company
expects to produce roughly 43.5 million tonnes of coal in fiscal
2014. During the quarter, the fourth pellet-plant at Samarco
achieved its first production and the commissioning at Caval
Ridge consummated before time.
Additionally, even after the temporary suspension of
operations at TEMCO, production of manganese alloys increased 9%
year over year to 465,000 tonnes, in the reported nine months.
Crude oil, condensate and natural gas liquids increased 16% year
over year to 77.3 million barrels of oil equivalent.
However, in the reported nine months, production of nickel and
manganese ores declined 1% and 4% year over year,
The company intends to further simplify its asset portfolio in
the coming quarters. Over the last two years, BHP Billiton has
divested assets in copper, coal, petroleum, diamonds, uranium and
mineral sands in regions including Canada, the United Kingdom,
Australia and the United States.
BHP Billiton is one of the world's largest diversified
resource companies with operations spanning several continents.
It is involved in mineral exploration, production and processing,
oil and gas exploration and development, and steel production and
Other Stocks to Consider
With a market capitalization of $186.4 billion, BHP Billiton
has a Zacks Rank #3 (Hold). Some better-ranked stocks in the
General Moly, Inc.
Golden Minerals Company
Platinum Group Metals Ltd.
). While General Moly sports a Zacks Rank #1 (Strong Buy), Golden
Minerals and Platinum Group Metals carry a Zacks Rank #2
GOLDEN MINERALS (AUMN): Free Stock Analysis
BHP BILLITN LTD (BHP): Free Stock Analysis
GENERAL MOLY IN (GMO): Free Stock Analysis
PLATINUM GROUP (PLG): Free Stock Analysis
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